合成橡胶早报-20251119

Group 1: Core Information - The report is a Synthetic Rubber Morning Report released by the Energy and Chemicals Team of the Research Center on November 19, 2025 [2][3] Group 2: BR (Butadiene Rubber) Market Data Futures Data - The price of the BR main contract (12) on November 18 was 10,505, with a daily change of 50 and an interval change of 75 compared to October 17. The trading volume was 141,146, up 26,512 from the previous day but down 10,367 compared to October 17. The open interest was 72,021, a decrease of 1,785 from the previous day and 4,376 from October 17. The warrant quantity remained at 12,250, with no daily change and a decrease of 360 compared to October 17. The long - short ratio was 29.40, a daily and interval decrease of 1 [4] Basis and Spread Data - The basis of BR was 45 on November 18, with no daily change but an interval increase of 75. The 12 - 01 spread was 5, a daily decrease of 35 and an interval decrease of 30. The 01 - 02 spread was 20, a daily increase of 10 [4] Spot and Price Difference Data - The Shandong market price of BR on November 18 was 10,550, with a daily increase of 50 and an interval increase of 150. The Qilu ex - factory price was 10,500, with no daily change but an interval increase of 200. The CFR Northeast Asia price was 1,350, a daily decrease of 50 and an interval decrease of 50. The CFR Southeast Asia price was 1,640, a daily decrease of 45 and an interval decrease of 45 [4] Profit Data - The spot processing profit of BR on November 18 was 904, a daily decrease of 52 and an interval decrease of 3. The import profit was - 798, a daily increase of 452 and an interval increase of 567. The export profit was 1,831, a daily decrease of 364 and an interval decrease of 466 [4] Group 3: BD (Butadiene) Market Data Spot Price Data - The Shandong market price of BD on November 18 was 7,300, with a daily increase of 100 and an interval increase of 150. The Yangzi ex - factory price was 7,000, with no daily change but an interval increase of 100. The CFR China price was 770, with no daily change but an interval decrease of 20 [4] Profit Data - The import profit of BD on November 18 was 716, a daily increase of 25 and an interval increase of 269. The export profit was - 1,166, a daily decrease of 22 and an interval decrease of 1,589. The butadiene oxidation dehydrogenation profit was - 1,764, a daily decrease of 115 and an interval decrease of 40 [4] Group 4: Other Product Profit Data - The styrene - butadiene production profit remained at 1,350 on November 18, with no daily change but an interval increase of 75. The ABS production profit was - 302, a daily increase of 15 and an interval decrease of 335. The SBS production profit was - 220, with no daily change but an interval decrease of 130 [4]